What could the Vermelho acquisition mean for Horizonte Minerals?

The BFS for Araguaia was released today, link here. The numbers were not as attractive as the PFS. It was also disappointing to see that no mention of Vermelho ore was mentioned / included in the study. Perhaps this is going to be the subject of a later study but investors were led to believe there was potential to increase the economics significantly by their inclusion

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An exploration into what the Vermelho acquisition could mean for Horizonte and an attempt at demystifying the Nickel Market